Jaci McDole and Stephen Ezell explain how intellectual property has played an indispensable role in facilitating the development of a range of inventive products, including some that have helped address the healthcare, work, and social challenges brought on by the pandemic. IP is just as important for start-ups as it is for established R&D-intensive industries, because it generates capital and revenue, enabling companies large and small to invest in researching, developing, manufacturing, and marketing their products. Voluntary licensing agreements enabled by IP have allowed the manufacturing of COVID-19 vaccines and therapeutics to be scaled up globally.
Jaci McDole and Stephen Ezell explain how intellectual property has played an indispensable role in facilitating the development of a range of inventive products, including some that have helped address the healthcare, work, and social challenges brought on by the pandemic. IP is just as important for start-ups as it is for established R&D-intensive industries, because it generates capital and revenue, enabling companies large and small to invest in researching, developing, manufacturing, and marketing their products. Voluntary licensing agreements enabled by IP have allowed the manufacturing of COVID-19 vaccines and therapeutics to be scaled up globally.